Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Raymond James Financial, Inc shares valued at $513,318 were sold by Santelli Jonathan N on Dec 05 ’24. At $165.59 per share, Santelli Jonathan N sold 3,100 shares. The insider’s holdings dropped to 26,845 shares worth approximately $4.34 million following the completion of this transaction.
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Also, Reid Shannon B sold 1,241 shares, netting a total of over 205,141 in proceeds. Following the sale of shares at $165.30 each, the insider now holds 7,079 shares.
Before that, Santelli Jonathan N had added 3,100 shares to its account. In a trade valued at $513,277, the Officer bought Raymond James Financial, Inc shares for $165.57 each.
As published in a research note from JMP Securities on October 09, 2024, Raymond James Financial, Inc [RJF] has been rated up from a Mkt perform to a Mkt outperform and the price target has been revised to $146. Analysts at Wells Fargo started covering the stock with ‘”an Overweight”‘ outlook in a report released in mid September. As of July 08, 2024, Wolfe Research has decreased its “an Outperform” rating to a “Peer perform” for RJF. Earlier on January 10, 2024, JP Morgan upgraded its rating. Their new recommendation was “an Overweight” for RJF stock which previously was a “a Neutral”.
Analyzing RJF Stock Performance
During the last five days, there has been a drop of approximately -2.56%. Over the course of the year, Raymond James Financial, Inc shares have jumped approximately 44.85%. Shares of the company reached a 52-week high of $171.38 on 11/29/24 and a 52-week low of $104.24 on 08/05/24. A 50-day SMA is recorded $150.14, while a 200-day SMA reached $127.85. Nevertheless, trading volume fell to 0.87 million shares from 0.96 million shares the previous day.
Support And Resistance Levels for Raymond James Financial, Inc (RJF)
According to the 24-hour chart, there is a support level at 160.83, which, if violated, would cause prices to drop to 160.16. In the upper region, resistance lies at 162.49. The next price resistance is at 163.48. RSI (Relative Strength Index) is 54.12 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.07, which suggests the price will decrease in the coming days. Percent R is at 84.18%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
